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Tag Archives: btcusdt

Bitcoin Mining Difficulty Expected to See Largest Increase in 7 Months

The bitcoin mining difficulty is expected to see its largest increase in over seven months later this week. This comes as the hash rate has surged by almost 30% in the past two weeks. Largest Increase in Mining Difficulty Since January? The bitcoin mining difficulty adjustment is an essential part of the world’s largest blockchain that makes it either easier or harder for miners to do their job depending on the number of entities plugged into the network. Essentially, the...

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Bitcoin and Asian Equity Markets’ Return Correlation Increased 10x Over Pandemic: IMF

Before the world was hit by COVID-19, crypto assets such as Bitcoin and Ether showed little correlation with financial markets. Post-pandemic, the lines have become increasingly blurry. In a new blog post, IMF economists said several Asian countries have fiercely adopted digital assets in the last couple of years while highlighting the need for regulation. The organization noted that digitalization can prompt a much-needed shift to an environmentally-conscious payment system...

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Bitcoin’s At Risk of $20K Breakdown, Here’s the Next Level to Watch (BTC Price Analysis)

Amidst the weekly candle close, Bitcoin’s situation continues to be bearish, following a considerable lack of demand in the market and the macro event. The price has recently plummeted towards the critical support level at $18K. Will the bears eventually break down the key level, or is bullish correction inbound? Technical Analysis By Shayan The Daily Chart The price of BTC has experienced another significant decline of roughly 8% in 24 hours after breaking below the 50-day...

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Crypto Market Cap Below $1T, Bitcoin Fights for $20K (Weekend Watch)

After yesterday’s price plunge towards and beneath $20,000, bitcoin has stalled and struggles to remain above that coveted line. The altcoins also suffered quite a bit at the start of the weekend, and most sit calmly now. Bitcoin Fights for $20K The previous week was particularly harmful to the primary cryptocurrency, which dumped by more than $4,000 in less than seven days to a monthly low of around $21,000. It spent most of this past week around that level, trading...

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$80 Billion Gone From Crypto Markets as Bitcoin Dumped to 6-Week Low

After the recent stagnation, bitcoin finally began moving and dumped to a six-week low beneath $20,000. Most altcoins are deep in the red as well. Ethereum is down to $1,500, while SOL, ADA, and AVAX have declined by up to 8% in a day. Bitcoin Dipped Below $20K Last week was particularly harmful to the primary cryptocurrency, which dumped from $25,200 to $21,000 in a matter of days. Since that enhanced volatility, the asset calmed and spent most of the following days trading...

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$400M in Liquidations Daily as Bitcoin Dipped Below $20K

Bitcoin only intensified its recent price drops by slumping to just under $20,000 for the first time in about six weeks. The alternative coins suffer, too, leading to almost $400 million in liquidations from over-leveraged traders. CryptoPotato reported the relatively stable price movements from bitcoin in the past week or so. After falling by $4,000 in the previous week, BTC spent most of this one around the $21,000 mark. It challenged $22,000 a few days ago but to no...

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Bitcoin Volatility Amplifies as Fed Chair Speaks at Jackson Hole

Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium on Friday. He said that FOMC’s overarching directive remains to bring inflation back down to 2%, which “will likely require maintaining a restrictive policy stance for some time.”  After a preliminary pump, Bitcoin’s price swung wildly following his comments. Trading at $21,234 at 12:30 UST on Friday, Bitcoin quickly pumped to $21,819 by 13:05 UST – just an hour before...

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Is $20K Inbound for Bitcoin Following an 8% Weekly Decline? (BTC Price Analysis)

Bitcoin’s price appears to be preparing for another bearish move after a lengthy period of consolidation between the $20K and $24K levels. With the current price action, a new low is not out of the picture. Technical Analysis By: Edris The Daily Chart Looking at the daily chart, the price has been consolidating at a very tight range over the last few days. This occurred after a rejection from the $24K level and the 100-day moving average. The price has also broken below the...

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BTC Needs to Reclaim This Level to Get Back on Bullish Track (Bitcoin Price Analysis)

After a slight recovery towards the $24K level, the 100-day moving average has successfully rejected the price. The result was the breakout of the 50-day moving average. Since then, BTC has been dormant as uncertainty returns to the market. Technical Analysis By: Shayan The Daily Chart The most recent price action for Bitcoin is not reassuring and has formed a clear bearish continuation correction wedge pattern and has been rejected three times from the upper boundary....

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Following 14% Correction in a Week, Is There More Pain Ahead for BTC? (Bitcoin Price Analysis)

The most recent outlook for Bitcoin is not overly promising, as the price has been rejected from a key technical resistance level and is breaking below support levels. The recent rebound from the $20K area appears to have been just another mid-bear market bull trap. Technical Analysis By: Edris The Daily Chart The price has been plummeting over the last few days after getting rejected from the $24K resistance level for the third time. The 100-day moving average, currently...

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